Day: October 18, 2021

Industry Veteran Jamal Saab Joins as Managing Director to Lead Initiative

DUBAI, United Arab Emirates, Oct. 18, 2021 /PRNewswire/ — Pretium, an innovative investment management firm focused on real estate, residential credit and corporate credit with more than $26 billion in assets, has established its first Middle East office in Dubai. Jamal Saab has joined as Managing Director to head and expand Pretium’s Middle East presence. Mr. Saab comes to Pretium with over 20 years of experience serving investors in the Middle East.

“We are excited to welcome Jamal to the team, and I am proud he will be representing Pretium in the Middle East,” said Don Mullen, CEO and Founder of Pretium.  “Establishing our presence in the Middle East reinforces our commitment to regional clients during a time of impressive strategic growth for the firm.”

“I am honored to take on this role and oversee the establishment of our regional headquarters and growth of Pretium in the Middle East,” said Mr. Saab. “Pretium has an impressive team and infrastructure to deliver innovative investment opportunities and solutions.  With greater proximity and local relationships, we can better serve institutional investors and further contribute to the economic growth of the region.”

Pretium’s expansion into the Middle East follows several strategic initiatives that have grown the firm’s footprint across geographies and broadened its capabilities. The firm recently announced a Joint Venture with a large Canadian pension plan as well as a partnership with Trans-Canada Capital Inc.,  an institutional asset manager that oversees more than C$30 billion in assets for a range of institutions including Air Canada’s pension, to help each firm achieve their investment goals through differentiated real estate and corporate and structured credit strategies, respectively.  Pretium has also continued to thoughtfully expand its investment teams, adding three managing directors to its residential credit segment in August 2021 to enhance the firm’s ability to source opportunities and provide industry-leading levels of service for investors globally.

About Pretium

Pretium was founded in 2012 to capitalize on secular investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has approximately $26 billion of assets under management as of June 30, 2021 and employs approximately 2,500 people across 29 offices. Please visit www.pretium.com for additional information.

For more information, please contact:

Prosek Partners

Josh Clarkson / William Szczecinski

646-818-9259 / 912-344-7423

jclarkson@prosek.com / wszczecinski@prosek.com

• Huawei Digital Power lights up Dubai with a spectacular light show on Burj Khalifa with the theme ‘Building a Low-carbon and Green Future’ which successfully concludes Global Digital Power Summit 2021 with more than 500 participants from 67 countries attending.
• Huawei calls for collective actions from global customers and partners to join new Carbon Neutrality Initiative, with organizations and policy-makers from around the world backing the initiative during the summit.
• Huawei signs MoUs with Grupo IMELSA and HYBRICO Energy for strategic collaboration on clean energy and green infrastructure development.
• Huawei also signs a key contract with SEPCOIII for The Red Sea Project with 400 MW PV plus 1300 MWh battery energy storage solution (BESS), which is currently the world’s largest energy storage project.

DUBAI, UAE, Oct. 18, 2021 /PRNewswire/ — Huawei Digital Power has concluded its Global Digital Power Summit 2021 in Dubai, UAE, with more than 500 participants from 67 countries attending. As the world prioritizes carbon neutrality and post-pandemic recovery, the summit aimed to inspire collective action towards building a low-carbon and smarter society powered by digital technologies.

In the keynote speech, Charles Yang, SVP of Huawei and President of Global Marketing Sales and Services at Huawei Digital Power, said: “Carbon neutrality has become a global consensus and mission. To achieve that goal, power production needs to be low carbonized, and power consumption needs to be electrified. Huawei has deeply integrated digital and power electronics technologies to create all-scenario low-carbon energy solutions, covering the whole energy flow from green power generation to efficient power consumption.”

With an increasing number of countries joining the path towards carbon neutrality, the world is brimming with opportunities for investment into renewable energy and green infrastructure. At the summit, industry leaders and government officials from PV, Data Center and Site Power sectors – including Sen. Rocio Adriana Abreu Artinaño, President of the Energy Commission, Senate of the Republic of Mexico, Sanjay Kumar Sainani, Global SVP & CTO from Huawei Digital Power, Mohammad Saeed Bin Sulaiman, CEO of Data Hub Integrated Solutions LLC (MORO), Hariram Subramanian, CTO of Huawei FusionSolar, Manish Singhal, Head of Solar PV, ACWA Power, Michel FRAISSE, Vice President & CTO, Huawei Digital Power Europe, Jasem Al Marzooqi, Head of Data Centers & Telecom Facilities, Emirates Integrated Telecommunications Company, du, Prof Rabih Bashroush, Global Head, IT Infrastructure Advisory, Uptime Institute, and many more – have shared technologies, insights and policies to meet the future opportunities in renewable energy and green ICT infrastructure.

Specifically, experts from data center energy including Simon McCormick，CTO of Echelon, Seppo Ihalainen, CEO & Co-founder, Ficolo, Prof Rabih Bashroush, Global Head, IT Infrastructure Advisory, Uptime Institute and Jim Campbell, BEng (Hons) Building Services, MIET, ATD, Regional Director – RED Middle East have joined the panel discussion moderated by Sanjay Kumar Sainani. To lead the green energy transition, Amit Beriya, Director of Energy Storage & Hydrogen (BD Technical Services), ACWA Power, George Pechlivanoglou, CTO of Eunice, Ana Lia Rojas, President of EnerConnex Chile & President of the Chile Council for Women Leaders in Energy and Environment, CWEEL and Edson Uamusse, Strategic Planning Director & Chairman’s Advisor, Energy Fund of Mozambique have shared their insights from the energy industry moderated by Hariram Subramanian.

Partnership for a Greener and Bright Future

Huawei Digital Power adheres to the strategy of open hardware, open-source software, and layered collaboration with industry players for a greener, brighter future. As a key part of the summit, Huawei signed memorandums of understanding with Grupo IMELSA and HYBRICO Energy for strategic collaboration on clean energy and green infrastructure development. Huawei also signs a key contract with SEPCOIII for The Red Sea Project with 400 MW PV plus 1300 MWh battery energy storage solution (BESS), which is currently the world’s largest energy storage project.

What sets Huawei Digital Power apart from peers is its unique philosophy of “Use Bits to Manage Watts”. Specifically, Mr. Yang noted how the company will use digital technologies to manage power electronics and equipment, providing simplified, green, smart, and secure solutions for clean power generation, green ICT infrastructure, transportation electrification, and integrated smart energy.

Call for Carbon Neutrality Initiative

Carbon neutrality has become a global consensus and mission. At the summit, Huawei Digital Power called for global action to pursue low-carbon and sustainable development, which requires continuous innovations, the adoption of green practices, and banding together to build an open and win-win ecosystem.

Liu Fangjiang, President of SEPCOIII International, Eaman Al Roudhan, CEO of Zain Kuwait, Sen. Rocio Adriana Abreu Artinaño, President of the Energy Commission, Senate of the Republic of Mexico, Ahmad Abdulkarim Julfar, Board Member, Executive, Managing Director at du, and Simon McCormick, CTO of Echelon, have all backed the Huawei initiative during the summit. They were joined by Mr. Yang.

Through open collaboration and co-innovation, Huawei Digital Power and its global partners now share a commitment to fight global warming and contribute towards carbon neutrality worldwide.

Light up of Burj Khalifa to Inspire and Initiate Change

As the exciting ending of the Global Digital Power Summit 2021, Huawei Digital Power lit up Burj Khalifa, the world’s tallest building and an iconic landmark in Dubai, to inspire international communities to accelerate the green transition and build a low-carbon and smart society together.

About Huawei

Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have more than 197,000 employees, and we operate in more than 170 countries and regions, serving more than three billion people around the world.

Our vision and mission is to bring digital to every person, home and organization for a fully connected, intelligent world. To this end, we will drive ubiquitous connectivity and promote equal access to networks; bring cloud and artificial intelligence to all four corners of the earth to provide superior computing power where you need it, when you need it; build digital platforms to help all industries and organizations become more agile, efficient, and dynamic; redefine user experience with AI, making it more personalized for people in all aspects of their life, whether they’re at home, in the office, or on the go. For more information, please visit Huawei online at www.huawei.com or follow us on:

http://www.linkedin.com/company/Huawei
http://www.twitter.com/Huawei
http://www.facebook.com/Huawei
http://www.youtube.com/Huawei

Video – https://mma.prnewswire.com/media/1662589/Huawei_Digital_Power_lights_up_Dubai.mp4
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BEIJING, Oct. 18, 2021 /PRNewswire/ — The Wei 11 gas storage facility built by China Petroleum & Chemical Corporation’s (HKG: 0386, “Sinopec”, “the Company”) in its Zhongyuan Oilfield region successfully completed its first gas injection on October 18, marking the beginning of official operation of the largest underground natural gas storage cluster in north China.

The gas storage facility has a capacity of 10.03 billion  cubic meters and will become a strong resource guarantee for gas storage and peak shaving from winter through spring in north China and the Yellow River Basin as well as ensuring a stable gas supply.

Sinopec’s Zhongyuan gas storage cluster now has three blocks, the Wen 23, Wen 96 and Wei 11. The Wei 11 gas storage facility that’s now up and running is a key component of establishing the natural gas storage cluster reaching 10 billion cubic meters. The block is located at the junction of Henan and Shandong provinces and has a designed capacity of 1.009 billion cubic meters. The largest daily peak shaving capacity of the Wei 11 gas storage facility is 5 million cubic meters, which can meet the gas demands of 10 million households every day.

In addition, Sinopec will have its Wen 13 West and Bai 9 gas storage facilities in the Zhongyuan Oilfield region up and running by the end of this year after completing construction and gas injection, adding an estimated 1.116 billion cubic meters of gas storage capacity further enhancing the company’s gas storage and peak shaving capacities.

Gas storage is underground “natural gas banks,” an energy infrastructure integrating seasonal peak shaving, emergency accident gas supply and national strategic energy reserves. As the proportion of natural gas continues to expand in China’s energy consumption structure, the peaks and valleys of natural gas supply as well as seasonal differences is becoming increasingly prominent. The gas storage can “deposit” the surplus of natural gas in the market and “draw” in time of supply shortage during the winter heating season to achieve natural gas peak shaving.

Sinopec continues to accelerate the construction of gas storage facilities and improve gas storage and peak shaving capabilities in China. The Company is stepping up to complete key projects including the Zhongyuan gas storage cluster and Huangchang gas storage facility in Hubei Province and more after completing the gas storage facilities including Yong 21 in Shandong Province, Wei 11 in Zhongyuan Oilfield region, Guxi in Jilin Province and Qingxi in Sichuan Province, steadily expanding the scale of natural gas storage and effectively improving the storage capacity and gas peak shaving capability to guarantee the supply of natural gas.

For more information, please visit Sinopec.

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BEIJING, Oct. 18, 2021 /PRNewswire/ — Peng Liyuan, wife of Chinese President Xi Jinping, called for promoting digital and health education for girls and women in response to the impact of the COVID-19 pandemic.

Peng, also a special envoy of the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the advancement of girls’ and women’s education, made the remarks via video link at the 2021 UNESCO prize for girls’ and women’s education on Friday.

Since the establishment of the prize through cooperation between China and UNESCO in 2015, this award has continued to exert its positive influence and inspire more people to devote themselves to the cause of girls’ and women’s education, Peng said.

Hailing the positive influence of the prize, Peng said tens of thousands of girls and women have mastered knowledge and skills, and gained the ability and confidence to change their destiny and pursue dreams.

“More and more people care about and support girls’ and women’s education, bringing together powerful forces to promote gender equality in global education,” Peng said.

Noting that the COVID-19 pandemic has had a seriously negative impact on the education of girls and women, Peng called for precise and effective measures to provide them with fair, quality education.

Peng called for comprehensively promoting the digital education of girls and women, making full use of digital technology, sharing high-quality online education resources, increasing educational support for girls and women from poor areas and families, and improving their ability to use new technologies for employment and entrepreneurship.

She also called for continuing to strengthen girls’ and women’s health education, help them and their families to improve health awareness and prevent various diseases, and comprehensively improve the physical and mental health of girls and women.

The prize is the only prize given by UNESCO in the field of promoting girls’ and women’s education. Director-general for UNESCO Audrey Azoulay said at the ceremony that it has played a unique role in helping women and children realize their dreams, especially in responding to the challenges of the pandemic.

Link: https://www.youtube.com/watch?v=fTs3WzOPXqY

Video – https://www.youtube.com/watch?v=fTs3WzOPXqY

UAE Centennial Plan 2071

DUBAI, UAE, Oct. 18, 2021 /PRNewswire/ — H. H. Sheikh Mohammed bin Rashid Al Maktoum – Vice President and Prime Minister of the United Arab Emirates (UAE) and the Ruler of Dubai – first launched the UAE Centennial Plan 2071 back in 2017, with the express aim of making the UAE one of the best countries in the world, in time for its centenary in 2071. Investment in the country’s future generations, to prepare them with the skills and knowledge needed to face – and embrace – rapid change, stands as a key pillar of the Plan.

For the Ministry of Education (MoE), in order to achieve UAE Centennial 2071 – and the UAE Vision 2021 National Agenda, which emphasizes the development of a first-rate education system – investment in technology is vital. As such, this has been accepted as an important national approach across government. Accordingly, resources and key capabilities have been directed toward educational infrastructure, to enhance the Emirati School Model – under which all public and private schools following MoE systems share the same curriculum – and make it even more competitive on the global stage.

As COVID-19 has all too ably demonstrated, education systems must now be fit for purpose, to face the immense challenges and disruptions to learning that can arise. Indeed, in order to rapidly react to the pandemic – and continue to support the UAE’s overall vision, to develop an innovative education system and a globally competitive knowledge-based society – the MoE turned to an all-wireless network solution from Huawei, to quickly connect people and environments, ensuring the continuity of learning and achieving more streamlined, robust Information and Communications (ICT)-based services. And with the launch of the MoE School Campus and Wi-Fi Innovation Project – which covers over 400 schools – the intelligent education revolution is well underway.

Achieving Seamless Connectivity with a Huawei Solution

The major objective of the MoE School Campus and Wi-Fi Innovation Project was to achieve seamless connectivity in over 400 schools, by upgrading existing Wi-Fi networks to deliver higher speeds and increased reliability. Such an ambitious network lays a firm foundation for the digital transformation of the education system, in turn delivering a higher quality education experience that allows educators to incorporate new technology – such as Artificial Intelligence (AI), Augmented Reality (AR), and more – into their lessons.

Huawei’s network solution also features software recognition, helping to implement control over the websites students visit and the software tools that they use. Given the large number of schools involved and the inevitably high number of networked devices, simplified deployment was also a key focus, alongside improving Operations and Maintenance (O&M) efficiency and reducing O&M costs.

Huawei’s customized approach to the project involved the coordinated deployment of several solutions, to create a robust and reliable centralized Wireless Local Area Network (WLAN) system that will be well positioned to meet growing future demand. Indeed, deploying upgraded switches and Access Points (APs), scalability is already built-in: high density Access Controllers (ACs) support up to 20,000 APs and 200,000 students. The initiative represents one of the biggest investment projects in the UAE’s education sector since 2019.

How Huawei Adds Value

In addition to enhancing connectivity, Huawei’s solution now allows the MoE to manage all 400 schools – and more – from a single platform, supporting a truly experience-centric network. In addition, each school within the network benefits from significantly improved wireless performance, with higher-capacity switching, ultra-low latency, and zero packet loss during roaming. And, with simplified scalability, upgrading to next generation Wi-Fi technology is already supported.

The implementation of the project has helped to achieve a Wi-Fi experience that’s available anytime and anywhere across education campuses, from classrooms and libraries to laboratories, gymnasiums, and more. This step on the road toward an intelligent education revolution will help schools to explore advanced, cutting-edge teaching methods: e-schoolbags, smart whiteboards, virtual classrooms, teaching through online interaction, and more.

“The improvement in the network experience has been quite obvious,” explained Ehab Eid, Head of Information Technology (IT) Infrastructure for the MoE. “By deploying Huawei’s APs and network solution, we have enhanced the quality of lessons. Now, our teachers can interact with students online – no matter where they are physically located – over high-resolution video, without suffering network interruptions or packet loss. This has definitely accelerated our intelligent education revolution and allows us to explore ever more creative teaching methods. I believe that we will have further opportunities to work with Huawei as we continue to pursue digital transformation in the future.”

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